Magow Rajesh 4

What Happened

• Rajesh Magow, CEO of MakeMyTrip Ltd (MMYT), was granted two awards of Restricted Stock Units (RSUs) on July 1, 2026: 29,478 RSUs and 27,098 RSUs, for a total of 56,576 RSUs. Each grant shows an acquisition price of $0 (award of derivative securities), meaning these are compensation awards rather than purchases of stock.
• The grants include performance-based RSUs: 14,739 RSUs are expressly tied to achievement of performance conditions. RSUs convert into ordinary shares only upon vesting and satisfaction of any performance criteria.

Key Details

• Transaction date: July 1, 2026; Form filed: July 2, 2026 (timely filing).
• Transaction code: A (award/grant); reported as derivative securities (not an open-market buy/sell).
• Grant size and price: 29,478 RSUs @ $0; 27,098 RSUs @ $0; total 56,576 RSUs.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes / vesting & expiration:
  • F1: Some RSUs vest between April 1, 2027 and April 1, 2030; expirations range from March 31, 2031 to March 31, 2034; includes 14,739 performance-based RSUs tied to performance targets.
  • F2: Performance-based RSUs scheduled to vest on September 30, 2026 with expiration March 31, 2031 (subject to company discretion to extend).
• No indication of a 10b5‑1 plan, tax-withholding sale, or late filing in the provided data.

Context

• RSU grants are a common form of executive compensation and represent future entitlement to shares if/when vesting and any performance conditions are met; they are not immediate stock purchases or sales.
• Performance-based RSUs depend on meeting specific targets before converting to shares; therefore these awards do not guarantee future ownership until conditions are satisfied.